In 2011, InformationWeek reported on the CIO 80/20 barrier, whereby CIOs typically dedicate 80 percent of their IT budgets to basic, “keep the lights on” activities, leaving just 20 percent for innovation, revenue generation and strategic planning. Since then, unfortunately, not much has changed, if not worsened.
I’ve spent this year working with corporations and government agencies that are adopting and adapting Lean Methodologies. The biggest surprise for me was getting schooled on how extremely difficult it is to be an innovator inside a company of executors.
Drilling holes into wood at an angle is a pain in the neck. To avoid deflecting the bit you need to set up some kind of angle jig, which means clamps and more time. Or you can try free-handing it: I had a buddy who could drill pretty decent pocket holes by initially using a too-large bit to make a shallow crater in the surface of the wood, then going into the crater at an angle with a smaller bit, but I was never able to do this consistently well.
This CogniStreamer Crosstalk seminar provides an excellent way for people who are fascinated with open innovation and co-creation, to network and share their thoughts on the future of collaboration. This year’s edition once again promises to offer plenty of food-for-thought with two renowned experts on these matters!
In my research of creativity in startup and mature companies I found that the ability of the team to hold productive debates was critical to that team’s creativity level. Not only that individuals in the team were more creative, but team members were building on each other’s ideas to come up with even better ideas.
Last week, Steve Vannelli was a guest on Killer Innovations Radio, a show about ideas, creativity and innovation — where leading innovators discuss how to go from ideas to breakthroughs. He discussed a few companies that make the cut as Knowledge Leaders, some on their way out of Knowledge Leader status, and three things business leaders should keep in mind when thinking about innovation investment.
Every CEO, leadership expert, and financial investor is talking about Amazon this week. Not because of their drone technology or their explosive stock price growth, but because of what 100 employees told The New York Times, resulting in the equivalent of a scathing one-star rating for Jeff Bezos in "Inside Amazon: Wrestling Big Ideas in a Bruising Workplace."
You want everyone on your team to embrace innovation. You make a portal available to them to interact. Then you find out some people are upset by what they read. Others bring their innate, tacit biases to the dialogs, artificially skewing the results. If the best ideas are automatically promoted and the automatic promotion mechanism is based on an algorithm that measures the wisdom of the crowd based on their activity, how can we manage the results in a way that yields accurate “best idea” selection?
For generations of Canadians, knowledge of space-age technology doesn’t go much farther than the long-standing rivalry between Star Wars and Star Trek. But hundreds of scientists, engineers and astronauts came together in Toronto this week to get a glimpse of some futuristic ideas that may — or may not — one day be a reality. The National Post’s Sadaf Ahsan takes a look at some of the projects presented at the 34th International Space Development Conference, where innovation ranged from an elevator to the moon to moon-flavoured water.
One of the most enjoyable parts of my job is spending time with people looking to follow their dream and start new businesses. And time after time, I refer to what I learned in one single book: Innovation and Entrepreneurship by Peter Drucker.
High school classrooms are becoming the laboratories for such projects, and technology incubators such as Future Founders Foundation and the 21st Century Youth Project are connecting underrepresented students with mentors and resources around the city for training in entrepreneurship and technology.
In the 21st century, we see the rise of the creative economy. A majority of CEOs reports that creativity is the most important leadership competency for enterprises. And leading companies are rebranding knowledge workers to creative workers. Therefore, to be innovative as a business, managers must learn to nurture creativityClick here to edit the content.
Disruptive innovation is everywhere it seems. There’s an ongoing fixation with the next Uber, Netflix, WhatsApp or Airbnb. Even perennial technology darlings such as Twitter or Facebook seem, well, so yesterday.
It’s intoxicating, heady stuff as one technological change can seemingly transform an industry and lead to growth rates going through the roof.
At Innofest 2015 in Bangalore last weekend, the topic of choice amongst attendees, patrons and participants was jugaad. Jugaad, a colloquial Hindi word that refers to the innovation that occurs under constrained circumstances, was added to the Oxford Advanced Learner's Dictionary last year and has come to represent the spirit of Indian innovation. For example, in the following photo, a man has poked holes in the cap of his water bottle in order to use it as a spray. Instead of having to purchase
Everyone wants to be that person — the one who looks at the same information as everyone else, but who sees a fresh, innovative solution. However, it takes more than simply having a good idea. How you share it is as important as the suggestion itself.
A cloud of nanoparticles washes through a field. Tiny sensors gather data on variants in air current, moisture and temperature. The pH balance of the water and the soil is constantly monitored and the growth rate, health and sustainability of the crop is continually assessed. The dust of nanoparticles—some may call it smart dust—can detect invaders in the field, be it a disease infecting the crop, small animals or humans and dispatch another cloud of dust to combat the threat.
Breaking up isn’t easy — especially if you are a leader “breaking up with” an innovation project that one of your teams still believes in passionately. It is a critical part of the innovation journey however, and done well can produce a positive outcome across the board.
Up to 90 percent of enterprise innovation centres fail and prove to be a massive waste of resources, according to a recently released report, in a stark warning for Australia’s innovation-hungry enterprises.
There can be no question that in the 50 years since its invention, the laser has driven scientific and technological innovation into virtually every facet of modern life. From surgery to communications, from medical diagnostics to printing, from metal-cutting to retail management, the laser has proven an essential and transformational tool.
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